Clear Channel (CCO) CEO adds 2.1M RSUs and PSUs, 615K shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clear Channel Outdoor Holdings chief executive Scott Wells reported equity compensation changes involving the company’s common stock. He received 560,224 shares earned upon meeting performance criteria for performance stock units and a separate grant of 1,564,814 restricted stock units that vest in full on April 29, 2027.
The company withheld 615,755 shares at $2.40 per share to cover tax obligations tied to the vesting of performance stock units, a non-market, tax-related disposition rather than an open-market sale. After these transactions, Wells directly holds 6,098,016 common shares and indirectly holds 40,000 shares through family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
WELLS SCOTT
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,564,814 | $0.00 | -- |
| Tax Withholding | Common Stock | 615,755 | $2.40 | $1.48M |
| Grant/Award | Common Stock | 560,224 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,098,016 shares (Direct, null);
Common Stock — 40,000 shares (Indirect, See Footnote)
Footnotes (1)
- Represents shares earned upon satisfaction of performance criteria in connection with performance stock units. Represents the number of shares withheld by the Company to cover tax withholding obligations in connection with the vesting of performance stock units. Represents a grant of restricted stock units, which vest in full on April 29, 2027. These shares are held by the Wells 2013 Irrevocable Trust U/A 05/06/13 Scott R. Wells and Gary Smith Trustees for the Benefit of Evelyn G. Wells, and the Wells 2013 Irrevocable Trust U/A 05/06/13 Scott R. Wells and Gary Smith Trustees for the Benefit of Charles R. Wells.
Key Figures
Performance shares earned: 560,224 shares
Restricted stock unit grant: 1,564,814 units
Tax-withholding shares: 615,755 shares
+3 more
6 metrics
Performance shares earned
560,224 shares
Common stock earned from performance stock units on April 29, 2026
Restricted stock unit grant
1,564,814 units
New RSU grant vesting on April 29, 2027
Tax-withholding shares
615,755 shares
Shares withheld at $2.40 to cover tax obligations
Tax withholding price
$2.40 per share
Valuation used for F-code tax-withholding disposition
Direct holdings after transactions
6,098,016 shares
Common stock directly held by Scott Wells following reported activity
Indirect trust holdings
40,000 shares
Held by Wells 2013 Irrevocable Trusts for family beneficiaries
Key Terms
performance stock units, restricted stock units, tax withholding obligations, irrevocable trust
4 terms
performance stock units financial
"Represents shares earned upon satisfaction of performance criteria in connection with performance stock units."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
restricted stock units financial
"Represents a grant of restricted stock units, which vest in full on April 29, 2027."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Represents the number of shares withheld by the Company to cover tax withholding obligations in connection with the vesting of performance stock units."
irrevocable trust financial
"These shares are held by the Wells 2013 Irrevocable Trust U/A 05/06/13..."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
